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Health Insurers Get More Time to Calculate Increases for 2018
Source: New York Times
Health Insurers Get More Time to Calculate Increases for 2018
By ROBERT PEAR AUG. 13, 2017
WASHINGTON — The Trump administration is giving health insurance companies more time to calculate price increases for 2018 because of uncertainty caused by the president’s threat to cut off crucial subsidies paid to insurers on behalf of millions of low-income people.
Federal health officials said the deadline for insurers to file their rate requests would be extended by nearly three weeks, to Sept. 5.
The extension was announced in a memorandum that insurers received on Friday from the federal Centers for Medicare and Medicaid Services, which runs the federal insurance marketplace and regulates insurers under the Affordable Care Act.
It was the clearest evidence to date that the politics of health care in Washington could disrupt planning for 2018. Insurers are struggling to decide whether to participate in the marketplace next year and, if so, how much to charge.
-snip-
By ROBERT PEAR AUG. 13, 2017
WASHINGTON — The Trump administration is giving health insurance companies more time to calculate price increases for 2018 because of uncertainty caused by the president’s threat to cut off crucial subsidies paid to insurers on behalf of millions of low-income people.
Federal health officials said the deadline for insurers to file their rate requests would be extended by nearly three weeks, to Sept. 5.
The extension was announced in a memorandum that insurers received on Friday from the federal Centers for Medicare and Medicaid Services, which runs the federal insurance marketplace and regulates insurers under the Affordable Care Act.
It was the clearest evidence to date that the politics of health care in Washington could disrupt planning for 2018. Insurers are struggling to decide whether to participate in the marketplace next year and, if so, how much to charge.
-snip-
Read more: https://www.nytimes.com/2017/08/13/us/politics/health-insurers-get-more-time-to-calculate-increases-for-2018.html
